HMRC
Are VCTs a useful tool for advisers?
They have been labelled the ‘next sensible step in tax management’
Pension tax refunds fall to £134m in 2022
Total value of overpayments since pension freedoms nears £1bn
Over 1 million Brits to be dragged into higher tax bands by 2027
Clients encouraged to make more efficient use of allowances
Cost of pension tax relief surpassed £50bn in 2021-22
But this should not become a justification for cuts
Interest on overdue IHT payments soars to 6%
It has more than doubled in a year